Minister of Trade and Investment, Okechukwu Enelemah, has stated what Nigeria needs to avoid in order to reduce the increasing poverty rate in the country. According to him, Nigeria will become poorer if Nigerians keep having children they cannot cater for.
The Minister made this known while reacting to the Brookings Report that rated Nigeria as the country with the most poor people in the world.
“So, I think we should roll up our sleeves as a people and do the work because, if we don’t do it, our people continue to bear children obviously, they would get poorer,” he said.
He also faulted the data for the global poverty report recently released, insisting it was collected during the period of economic recession
“I think, first, we need to understand when we get these reports that there are reports that are lagging in indicators, which means, people are reporting on history. So, when you get reports from Brooking Institution or all sorts of people, you need to look at the context. Somebody may have written a report when we were in a recession. Remember that if you are in a recession, what it means is that even though your population is growing, people don’t stop procreating… which means that in theory depending on how they run those numbers, you will be going the other way. There is absolutely no question that there is an urgency to create employment in Nigeria. What I can tell you, with certainty based on one’s background in business and economics, is that if we complete the things on infrastructure and you implement these reports we are doing, that is what I mean by a leading indicator, poverty will go down. There is no magic to it. But you have to do it first, you have put in the infrastructure, you have to implement the economic programme which is what will create the opportunities, they don’t drop from the sky.” he said.